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The Week Ahead

It’s the Reserve Bank’s week in Australia this week, with four speeches and public appearances from the governor Glenn Stevens and his deputy Phil Lowe, plus the release of one of the bank’s major reports on the Australian economy – its first financial stability assessment for 2014.

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US Rates To Rise Earlier Than Expected

The US Federal Reserve has signalled that interest rates could start rising earlier than previously expected after its March meeting ended earlier this morning with the central bank altering its forecasts for the economy over the next year and changing the criteria for returning rates to more normal levels.

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RBA Minutes Fail To Mention Currency’s Strength

Well, for a central bank that spent the last three months of 2013 moaning and groaning about the high value of the Australian dollar – and even warning of possible intervention, yesterday’s minutes from the Reserve Bank’s March board meeting were remarkably devoid of any serious mention of the currency and its value – which remains above 91 USc this morning.

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China’s New Stimulus Plan

Here’s China’s next stimulus plan for the economy – it’s embedded in the Chinese government’s “National New-type Urbanisation Plan", which was released on Sunday, which calls for a massive build-out of transport networks, urban infrastructure and residential real estate from now until 2020.

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